Inspired by the latest John Oliver (Last week tonight) on rents, this graph reviews the last 16 years and how unaffordable renting has become.
Rent shouldn’t exceed 30% of gross income being the premise of the graphs positioned in the LWT episode.
The data for the Irish centric graph is taken from the CSO, and is for Ireland overall – a separate graph for Dublin/Cork/Galway would probably tell a even more aggressive story.
The dip of income and rental costs during the recession is an interesting feature, I imagine it won’t be be as aggressive in this one as inflation confounds the issue and rents climb without an increase in wages.
Thoughts, opinions and how this could be incorrect welcome below.
Disclaimer: these opinions expressed are mine and not related to any existing employment.
And no sign of that even coming close to slowing down
Whatever about rent, which is borked, it’s nice to see the average trend closer to the median.
I’m a little confused by the inclusion of wages on this graph when there’s no label to explain what the values actually are. The blue line isn’t conveying any useful information.
It is way more than 40% in Dublin. IS the median wage 5.000 euro per month? If not, you can guess is 70% or more in Dublin, because you can’t rent anything less than 2.000 euro.
5 comments
Inspired by the latest John Oliver (Last week tonight) on rents, this graph reviews the last 16 years and how unaffordable renting has become.
Rent shouldn’t exceed 30% of gross income being the premise of the graphs positioned in the LWT episode.
The data for the Irish centric graph is taken from the CSO, and is for Ireland overall – a separate graph for Dublin/Cork/Galway would probably tell a even more aggressive story.
The dip of income and rental costs during the recession is an interesting feature, I imagine it won’t be be as aggressive in this one as inflation confounds the issue and rents climb without an increase in wages.
Thoughts, opinions and how this could be incorrect welcome below.
Disclaimer: these opinions expressed are mine and not related to any existing employment.
And no sign of that even coming close to slowing down
Whatever about rent, which is borked, it’s nice to see the average trend closer to the median.
I’m a little confused by the inclusion of wages on this graph when there’s no label to explain what the values actually are. The blue line isn’t conveying any useful information.
It is way more than 40% in Dublin. IS the median wage 5.000 euro per month? If not, you can guess is 70% or more in Dublin, because you can’t rent anything less than 2.000 euro.